$XRP $SUI $ZEN Grayscale Effect Reappears, Multi-Token Strong Surge
Recently, the cryptocurrency market has seen a reemergence of the "Grayscale Effect." In the previous bull market, 14 tokens favored by Grayscale had returns exceeding 200%, demonstrating the significant impact of its positioning on the market.
XRP Breaks New High, Grayscale Restarts Trust
The price of XRP has broken a multi-year high,
Grayscale announced the relaunch of the US XRP Trust, now open to qualified investors. Previously, Grayscale removed the XRP Trust and liquidated the tokens due to legal disputes with Ripple,
This shift is seen as paving the way for an XRP spot ETF.
XRP price continues to rise, reflecting the market's positive response to Grayscale's actions.
SUI Price Strong, Grayscale Positions New Assets
The price of SUI tokens is also performing strongly. Grayscale has updated its investment strategy, announcing the Top 20 tokens expected to surge by the end of 2024, adding SUI among 6 new assets.
Grayscale has launched the Grayscale Sui Trust, officially open to qualified investors, further driving the rise in SUI prices.
ZEN Surges Remarkably, Grayscale Submits 8-K Form
The ZEN token has recently seen impressive gains, with a 215% increase over the past 30 days. After increasing its holdings in ZEN,
Grayscale submitted the Grayscale Horizen Trust (ZEN) 8-K form to the SEC,
allowing investors to gain exposure to ZEN in a securities format.
Grayscale Opens Private Placement Subscription, Covering Multi-Theme Funds
On December 24, Grayscale opened private placement subscriptions for 22 cryptocurrency trust products to qualified investors,
including mainstream tokens such as AAVE, AVAX, LINK, SOL, and XRP,
as well as funds in niche sectors like DeFi and AI. This includes decentralized AI funds,
DeFi funds, and other thematic funds, as well as single-asset trusts for emerging protocols.
Grayscale Accelerates Business Expansion, Hiring Professionals
Grayscale announced the launch of recruitment for positions including Tax Director, Senior ETF Product Manager, Digital Asset Trader, etc.,
to respond to complex market demands. By providing diverse and specialized investment products,
Grayscale will further push crypto assets into the mainstream market.
